Cryptocurrency

Bitcoin briefly touches $21,000 in market wide weekend pump

Hull Invest

Cryptocurrency market capitalization is now up 0.69% to $979 billion, recording net inflows of around $6 billion over the past 24 hours.

During the reporting period, the market caps of Bitcoin and Ethereum increased by 0.72% and 0.87% respectively to $402 billion and $189.18 billion.

Most of the top 10 cryptocurrencies recorded gains during the reporting period, with the exception of Dogecoin, Polkadot, and Litecoin, which recorded losses.

Polygon and Solana have the highest profit at 2.9% and 2.18% respectively.

CryptoSlate wMarket Update
Source: CryptoSlate.com

The market cap of Tether (USDT) has risen to $66.38 billion over the past 24 hours. The market caps of USD Coin and BinanceUSD (BUSD) decreased slightly to $43.95 billion and $16.30 billion respectively.

Bitcoin

BTC is up 0.65% and is trading at $20,841 as of ET 07:00. Market share increased from 40.2% to 41%.

Since the last market report, Bitcoin has broken the $20,000 barrier and briefly tapped $21,000 amid a weekend pump that cleared short sales. Analysts suggest that bullish sentiment is returning to the coin.

ethereum

Ethereum has grown 0.81% over the past 24 hours, trading at $1,544 as of 07:00 ET. Its market dominance rose from 19% to 19.3%.

ETH’s price performance mirrors that of BTC. The second-largest digital asset by market cap traded near pre-FTX levels over the weekend.

CryptoSlate wMarket Update
Source: Trading View

top 5 price increases

FTX token

FTT was the biggest gainer of the day, up 61.03% to $2.69 at the time of writing. Given the lack of new information regarding the exchange’s bankruptcy case, it is unclear why the token’s value is rising. Its market capitalization was $886.34 million.

flux share

FXS is up 41.78% during the reporting period and is trading at $9.53 at the time of writing. DeFi-related tokens are up over 62% over the past seven days. Its market capitalization was $677.37 million.

convex finance

CVX is up 26.65% to $4.89 at the time of writing. Tokens on the staking platform have increased by 42% over the last 30 days. Its market cap was he $357.48 million.

everscale

EVER gained 24.43% during the reporting period and is trading at $0.053 at the time of writing. It was unclear why the token was going up. Its market capitalization was $89.42 million.

Decentraland

MANA has surged 23.66% to $0.69 over the past 24 hours. Metaverse-related tokens have been declining over the past 30 days, up 114%. Its market capitalization was $1.3 billion.

top 5 losers

neutrino usd

USDN was the biggest loser of the day, trading at $0.36, down 9.79% during the reporting period. Depegged stablecoins are trending downward, down 32% over the past 30 days. At press time, its market capitalization was $244.88 million.

Civic

CVC fell 6.51% to $0.103 over the past 24 hours. The identity verification blockchain network has increased in value by 27% over the past seven days. Its market capitalization was $103.83 million.

smooth love potion

SLP fell by 6.76% to $0.0028 at the time of writing. The Axie Infinity-linked token has seen renewed interest over the past 30 days, up 33%. Its market cap was he $122.64 million.

threshold

T plummeted 6.35% over the last 24 hours to $0.021 at the time of writing. Token has started 2023 strongly and in the last 7 days he has recorded a profit of over 25%. Its market cap was he $179.54 million.

new cypher

NU fell 6% to $0.15 during the reporting period. Ethereum-based tokens are up over 70% year-to-date. Its market capitalization was $108.73 million.

Read the latest market report

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